Duolingo, Inc. (NASDAQ:DUOL) Receives $245.13 Consensus Target Price from Analysts

Shares of Duolingo, Inc. (NASDAQ:DUOL) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $245.13.

A number of analysts have recently commented on the company. Barclays boosted their price objective on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. UBS Group boosted their price objective on Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Piper Sandler boosted their price objective on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Bank of America boosted their price target on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group boosted their price target on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, February 29th.

Duolingo Stock Up 3.6 %

Shares of DUOL stock opened at $222.66 on Wednesday. The stock has a 50 day moving average of $212.79 and a 200 day moving average of $203.00. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. The stock has a market cap of $9.55 billion, a P/E ratio of 654.90 and a beta of 0.83. Duolingo has a twelve month low of $116.82 and a twelve month high of $245.87.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. As a group, sell-side analysts expect that Duolingo will post 1.38 EPS for the current year.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $12,860.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $215.35, for a total transaction of $323,025.00. Following the sale, the insider now owns 124,505 shares in the company, valued at $26,812,151.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the sale, the insider now owns 72 shares in the company, valued at approximately $12,860.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,223 shares of company stock worth $23,682,665. 19.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. purchased a new stake in shares of Duolingo during the first quarter valued at approximately $667,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in Duolingo during the 1st quarter valued at $273,000. Allspring Global Investments Holdings LLC increased its stake in Duolingo by 10.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,441 shares of the company’s stock worth $15,097,000 after buying an additional 6,601 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Duolingo by 79.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,091 shares of the company’s stock worth $682,000 after buying an additional 1,371 shares during the period. Finally, Harbour Capital Advisors LLC lifted its holdings in Duolingo by 24.8% in the 1st quarter. Harbour Capital Advisors LLC now owns 1,635 shares of the company’s stock worth $347,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

About Duolingo

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.